HAR §16-39-312. Maximum commissions and expenses

Compensation to broker-dealers in connection with the sale and promotion of a public offering, including selling expenses and allowances or reimbursement for items such as salaries, overrides, agent's commissions, clerical, administrative, printing, postage, advertising, and all other expenditures incurred, and anything of value accruing to the broker-dealer directly or indirectly, shall not exceed fifteen per cent of the total amount of the offering. [Eff 6/30/08; comp 11/18/23] (Auth: HRS §§485A-303, 485A-606) (Imp: HRS §§485A-303, 485A-606)